5 Key Takeaways From The Elementary And Secondary Schools Market Report 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Elementary And Secondary Schools Global Market Report 2023, the elementary and secondary schools market is expected to show significant growth in the forecast period.
Key insights from the elementary and secondary schools market forecast include:
- Market Size
The global elementary and secondary schools market is projected to rise from $1,478.64 billion in 2022 to $1,607.42 billion in 2023, with an 8.7% CAGR. The elementary and secondary schools market is expected to reach $2,189.86 billion in 2027, growing at an 8.0% CAGR.
- Major Driver
Higher education spending is set to boost the elementary and secondary schools market. It encompasses school activities expenses, leading to increased school revenues. As per the 2022 U.S. Census Bureau report, public school systems’ total revenue rose from $572.5 billion in FY 2019 to $584.9 billion in FY 2020. Correspondingly, total expenditure increased from $571.8 billion in FY 2019 to $586.4 billion in FY 2020. This upsurge in education spending propels the elementary and secondary schools market’s growth.
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- Key Trend
The flipped classroom model improves learning by fostering classroom interactivity. Students watch lecture videos before class, and in-class, they engage in discussions and collaborative activities with teacher guidance. This approach offers flexibility, and data from the Flipped Learning Network shows 71% of teachers noticed higher grades and 80% reported better student behavior, affirming its effectiveness.
- Major Players
Major players in the elementary and secondary schools market are Goodstart Early Learning, KinderCare Learning Centers, Learning Care Group Inc., Primrose Schools, and Nobel Learning Communities Inc.
- Top Market Segments
The global elementary and secondary schools market is segmented –
1) By Type: Primary School, Middle School, Secondary School
2) By Type of Expenditure: Public, Private
3) By Ownership: Government, Local Body, Other Ownerships
4) By Fee Structure: Low-Income, Medium-Income, High-Income
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The Elementary And Secondary Schools Global Market Report 2023 provides an in-depth analysis on the elementary and secondary schools market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the elementary and secondary schools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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